Flat 12, Bingham Court, Graham Road, Sheffield, S10 3DZ
Estimate of £234k for this purpose built flat. 442 sales in S10 in the last 12 months; median £302k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£20,000
- SDLT standard£0
- SDLT BTL surcharge (5%)£0
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£22,100
Funding
- Deposit (25%)£5,000
- Mortgage (75% LTV)£15,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£7,100
Monthly Returns
- Monthly Rent (estimate)£1,050
- Mortgage Payment (IO)-£66
- Management (10%)-£105
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£779
Capital Returns
- 5yr Property Value£21,974
- 5yr Capital Gain (1.90% pa, historical)+£1,974
- 5yr Cumulative Rent (net, before lease costs)+£53,019
- Less mortgage interest-£3,960
- 5yr Total Return (before lease costs)+£51,032
Modelled on the live asking price. Assumed, as in the PDF report: 25% deposit, 5.25% interest-only mortgage, management 10% of rent, insurance £40/mo, maintenance £60/mo, legal, survey and broker £2,100. Refurbishment, voids and letting fees are not costed. Service charge and ground rent are not stated, so cashflow and returns are before lease costs.
5-Year Projection
| Year | Property Value | Equity | Cashflow (cumulative) | Total Return | ROI |
|---|---|---|---|---|---|
| Year 1 | £20,380 | £5,380 | +£9,348 | +£9,728 | 137.0% |
| Year 2 | £20,767 | £5,767 | +£18,924 | +£19,691 | 277.3% |
| Year 3 | £21,162 | £6,162 | +£28,733 | +£29,895 | 421.1% |
| Year 4 | £21,564 | £6,564 | +£38,780 | +£40,344 | 568.2% |
| Year 5 | £21,974 | £6,974 | +£49,059 | +£51,032 | 718.8% |
Modelled on the live asking price. Capital growth 1.90% a year is the S10 area's 5-year historical rate (Land Registry medians), not a forecast. Rent grows 2% a year (assumed); management is 10% of each year's rent. Mortgage held interest-only at 5.25% for 5 years. Refurbishment, voids and letting fees are not costed. Service charge and ground rent are not stated, so cashflow and returns are before lease costs. ROI is on cash required (£7,100).
Price Forecast
No forecast available.